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PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2025
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

10.PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consist of the following:

As at December 31, 

2024

2025

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

US$

Buildings

 

798,097

823,243

117,722

Medical equipment

 

865,416

877,850

125,531

Electronic and office equipment

 

55,202

49,128

7,025

Motor vehicles

 

2,649

2,754

394

Leasehold improvement and building improvements

 

77,683

77,894

11,139

Construction in progress

 

2,307,336

2,392,265

342,089

Total

 

4,106,383

4,223,134

603,900

Less: accumulated depreciation

 

(394,273)

(490,684)

(70,167)

Impairment charges

 

(7,785)

(7,785)

(1,113)

 

3,704,325

3,724,665

532,620

Depreciation expenses were RMB82,124, RMB84,775and RMB103,508 (US$14,801) for the years ended December 31, 2023, 2024 and 2025, respectively. Impairment loss of RMB nil, nil and nil were recognized for network operating segment and impairment loss of nil, nil and nil for hospital operating segment for the years ended December 31, 2023, 2024 and 2025, respectively.

For the years ended December 31, 2023, 2024 and 2025, impairment of RMB7,138, RMB1,225 and nil was written off for network operating segment upon the disposal of medical equipment and construction project. Impairment of nil, nil and nil was written off for hospital operating segment upon the termination of construction project.

The Group held equipment under operating lease contracts with customers with an original cost of RMB111,017 and RMB89,780 (US$12,300) and accumulated depreciation of RMB92,448 and RMB63,400 (US$8,686), as of December 31, 2024 and 2025, respectively.

The total net book value of the Group’s property, plant and equipment pledged as collateral for other borrowings as of December 31, 2024 and 2025 was RMB576,261 and RMB526,693 (US$75,316) (note 19), respectively.

The total net book value of the Group’s construction in progress pledged to secure bank and other borrowings as of December 31, 2024 and 2025 was RMB1,814,768 and RMB1,991,611 (US$284,797) (note 19), respectively.